# CME Group Wheat Survey

> The Kansas Farm Bureau reports that 2016 wheat basis in Kansas is extremely weak and CBOT KC HRW futures are not converging at delivery points. It cites futures premiums of $0.32 to $0.62 over KC truck bids and urges members to support a Variable Storage Rate in the contract.

- Date: 2017-01-31 · published 2017-01-31T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/73030-cme-group-wheat-survey
- Commodities: [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Non-convergence weakens the link between futures and cash HRW prices, so hedgers and buyers face basis risk, though the story itself concerns contract design rather than a supply shift.

## Read by commodity

- KWHEAT: neutral

## Sources

- kfb.org: https://www.kfb.org/Article/Wheat-Survey

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.